Tips for Limiting Depreciation of Your Car Pawn Loan Norfolk Ontario Collateral

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A car is one of the best assets you can have. Every car owner knows it’s a good investment, but one that depreciates in value quickly. Car specialists say a vehicle’s value can even drop by 20% once it leaves the car dealer. This rapid lowering in value can be detrimental if you want a car pawn loan Norfolk Ontario. Here are some ideas on how to limit depreciation and enjoy your car longer.

How to Minimize Car Depreciation 

  • Choose a good model. You can never go wrong with a good design, high-quality build, and well-thought-out features. The Ford F-150 and the Jeep Wrangler are good examples. These models have been around for years and are still popular. Its design is such a classic that the model depreciates less than a third of its value even after five years.
  • Take care of your car. This will inspire confidence in prospective buyers and auto finance companies. Showing a full-service history will prove that the vehicle is in good condition and can still be used for an extended period. It also means a high resale value. 
  • Don’t go crazy with modifications. Wanting your car to be unique might sound good now, but you might have problems later on. Very few people want a pineapple yellow car. They also don’t want modifications that make the car look like it’s ready for drag racing. 

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Premier Loans Canada is the best solution for money emergencies. We offer loans as high as $100,000. Our company also has the lowest interest rates and monthly payments around. We can also offer extended loan terms and flexible payment plans. Log on to our website or call our toll-free number at 1-855-965-1650.

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